- This topic has 8 replies, 2 voices, and was last updated 2 months, 3 weeks ago by kirtash93.
- Saturday, July 2nd, 2022 at 07:23 #324727NHousemanParticipant
Maastricht University will be refunded the ransom that was paid after a hack in 2019. The police and the Public Prosecution Service found part of that ransom and seized other cryptocurrencies. Those crypto coins have increased in value in recent years, giving the university 500,000 euros while it paid 200,000 euros in bitcoin at the time.
At the end of 2019, the university was completely paralyzed by the cyber attack. Criminals had locked down hundreds of servers and backup systems. The approximately 25,000 students and employees could no longer access their scientific data, library and e-mails.
To release everything, the hackers demanded 200,000 euros in bitcoin. After a week, the university decided to transfer the amount. Personal data was in danger of being lost and students were unable to take an exam or work on their thesis.
The cyber team of the Limburg police tracked down part of the ransom. Of the 30 bitcoins, 4.54 bitcoins led to the account of a Ukrainian money launderer. On that account were other crypto coins with a value of 40,000 euros at the time. The police seized the coins in 2020.
Last year, the police and the Public Prosecution Service managed to get the money to the Netherlands. In that period, the value of the coins rose to half a million euros. The university will receive the full amount and, according to a newspaper, already has a destination for it.
“The money will not go to general funds, but to a fund for ailing students,” according to Michiel Borgers, ICT director of the university.Saturday, July 2nd, 2022 at 07:23 #324728thegooddocgonzo
This gives a new perspective on the “forced HODL”Saturday, July 2nd, 2022 at 07:23 #324729laulau9025
Another case that proves that crypto is not “ideal” “handy” for criminals… everything is traceable!Saturday, July 2nd, 2022 at 07:23 #324730wodykody
University are the last places that need to be refunded anything for a whileSaturday, July 2nd, 2022 at 07:23 #324731ChiTownBob
What is the destination for the funds?
They don’t mention that.
Things that make you say hmmmm…Saturday, July 2nd, 2022 at 07:23 #324732akiletour1
Damn they payed a 200k ransom… you never know if the hacker will give you your data back so that’s seems riskySaturday, July 2nd, 2022 at 07:23 #324733evoxyseah
Forced HODL at its finest.
Time in market really pans out well 🙂Saturday, July 2nd, 2022 at 07:23 #324734grandphuba
So ur telling me ONE investors will earn a profit?Saturday, July 2nd, 2022 at 07:23 #324735kirtash93
HODL is the way.
- You must be logged in to reply to this topic.
Related Forum Topics:
- → Found in my friends 2019 “Principles of Economics” textbook describing BTC; this is what is being taught in university.
- → Algorand Foundation partners with Politecnico di Milano(largest technical university in Italy) and the University of Stirling to support Emergency Finance project on programmable money.
- → What gives BTC in 2022 more value (fundamentally) than BTC in 2019 (10k per BTC?
- → A friend got hacked, ransom demanded in btc to a segwit wallet, what is SOP in this case?
- → BTC Ransom Demand from this address. What do you do ?
- → Funny to see we have all kind of people here. one post says : a dude yolod 300k and lost it all” a few post under you see someone posts ” i finally hit 0.1 btc” this forum category is roller coaster itself LoL
- → Scaramucci: BTC Will Be $300K in 2028
- → Axie Infinity CEO pulled out $3 million of crypto just before $600 million hack was announced. The AS token was $64 before the hack and is now trading at $18
- → For those who need to see this. In 2011 btc was worth $30. Btc halved in 2012. In 2013 we saw a $1000 btc. Btc halved in 2016. In 2017 we saw a $15,000 btc. Btc halved again in 2020 and we saw a $60,000 btc. 2024 is the next halving. 2025 is gonna be interesting.
- → HODL culture is a very dangerous cult (esp. for altcoins), please stop doing this to people and let them take profit whenever they want. There is nothing wrong with taking profit when you’re 30% up. Not everything has to be up 5000% for you to approve of someone else’s unHodling
- → Profit is profit regardless of coin utility (or lack off)
- → Change your mentality from “HODLing “- a term originated by a drunk guy to “Profit is profit ” and you will never have a bad crypto day again.
- → Why Hoskinson wanted the ETH to be a profit corporation while the other co-founders prefer it to be non-profit?
- → Indian government is literally doing: Your profit our profit, Your loss your loss
- → What’s your expected ideal profit percentage when investing at which you take profit?